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AliPay Creator Raises $14 Million To Boost Blockchain Development

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The famous Alibaba subsidiary Ant Financial recently cashed in on their historic $14 billion Series C funding round which saw the Alipay creator ready to boost its blockchain development.

China’s largest online and mobile payments network which operates Alipay and acquired MoneyGram International last year is focused on using technological advancements in order to better serve its customers. Aside from blockchain, the company is also developing AI technology, IoT projects, and computing fields.

According to the announcement that the company launched a definite agreement with the investors for the Series C with the amount of $14 billion, the funding came from different investors. According to the Wall Street Journal, $11 billion was raised in USD and only $3 billion was raised in RMB.

The lowest investment amount was $200 million and the highest was $500 million in the funding scheme. As an IPO, Ant Financial was looking for a $9 billion investment – compared to the $14 billion that it received as an ICO. Currently, the Chinese company is valued at around $150 billion.

According to the official statement issued by the company:

“The Company will continue to invest in developing its blockchain, AI, security, IoT, and computing capabilities to upgrade its global technology platform for the next generation.”

If Ant Financial goes public, it could definitely be worth more than some of the most hyped US financial firms such as PayPal, BlackRock and Goldman Sachs.

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Blockchain News

NFL Players Demand To Get Paid In Bitcoin

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NFL players join the Bitcoin revolution and demand to get paid in bitcoin. In today’s altcoin news we read more about the true bond between the American Football stars and the number one cryptocurrency. It all started when an LA Chargers Offensive Tackle Russell Okung tweeted: Pay me in Bitcoin.’’ Since his tweet, more of the NFL players tweeted back. 15 minutes after the initial post, he wrote:
 “How dope would it be to see an ESPN headline with an athlete being paid in $BTC?”
The crypto community answered right away and told Okung all the information and tools that he needs to continue on the crypto journey together. The player was happy to answer the community and even asked:
 “How could something so wrong make me feel so right? I’m part of the revolution. Long $BTC, short the bankers.’’
In the meantime, Anthony Pompliano also posted that the NFL Quarterback Matt Barkley was among the NFL players that also wanted to get paid in bitcoin but he didn’t succeed to get his dream come true. Again, the crypto community on Twitter praised him and offered him advice on how to fight for what he really wants. Trezor, the popular crypto wallet producer even offered to get him and his team-mates free hardware wallets to which Barkley replied he was ‘’all about @Ledger.’’ The most surprising thing was that he replied to the suggestion that he already has some ‘’skin in the game’’ and that he started mining bitcoin some time ago. Okung on the other hand, as reported in the latest cryptocurrency news tweeted that many of the NFL players are asking him about bitcoin. however, the thing goes past the dream of the player to get his paycheck in Bitcoin. He is the vice president of the NFL Players Association which ‘’assures proper recognition and representation of players’ interests.’’ It is expected from him as a person with a say in the organization to fight for the players who want to get paid in Bitcoin. With services like Bitwage available, the dream could become a reality for those who want another option in their career.
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Blockchain News

Robinhood Mobile Trading App Valued At $7 Billion: Report

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Robinhood mobile trading app, the favorite among crypto users, closed it recent funding round where about $5.6 billion was attached. In the latest cryptocurrency news today, we see how the platform managed to create a multi-billion dollar business in less than seven years. Robinhood built a zero-fee stock brokerage and trading app with a very inviting user interface and managed to build its empire. The company’s valuation increased after the latest $200 million funding round from its financial backers. The funding round could result in the company reaching a valuation as high as $10 billion. The last year’s funding round brought the company a valuation of $5.6 billion. The stock trading app has an amazing track record of growing its user base and successfully managing to monetize its services. According to Nasdaq’s reports, Robinhood Markets Inc. made a &billion revenue back in 2017 and the company is expected to make $47 billion annually by 2020. This is possibly the fastest growing broker of all time. In 2018, the investment app surpassed its rivals and doubled its user base to 4 million. As the best cryptocurrency news sites explained, Robinhood mobile trading app has zero commission fees which are surprising how the company manages to make such crazy amounts of money. The profits, however, come from three main sources: selling orders to high-volume exchanges that are seeking more liquidity profits from interest rates earned by lending money and by the Robinhood Gold subscriptions that charge a $10 to $200 a month. Selling orders to high-frequency exchanges is a tried practice that has proven to attract criticism for lack of transparency. Nevertheless, Robinhood is extremely popular with millennials. The zero-fee policy is a major selling point for this target group. The app’s friendly interface is also one of the reasons for its huge popularity. There’s no doubt that the Robinhood mobile trading app selection of crypto investments is also very attractive to the millennials and daytraders. A survey shows that 43 percent of millennials trust crypto exchanges more than they do stock ones.  The co-founder of Robinhood stated:
‘’Crypto has certainly added to our growth. In the next couple of years I think you’ll see Robinhood looking like a full-service consumer finance company.’’
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Blockchain For Timepieces: World’s Oldest Watch Manufacturer Gets Involved

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The world's oldest watch manufacturer coming from Switzerland, Vacheron Constantin, is apparently interested in blockchain for timepieces - and about to start using the blockchain technology to track its watches. The news went viral in the altcoin news section after they were shared by the lifestyle magazine Robb Report on May 24. Originally founded in 1755, Vacheron Constantin is known as the world's oldest watch manufacturer. Now that the brand is interested in blockchain for timepieces, it also plans to issue a paper and a digital certificate to each of its vintage watches, putting the technology to actual work.
“Blockchain certification serves to avoid paper authentication, which can easily be forged,” the company said in a press release.
As the latest cryptocurrency news show, Vacheron Constantin will use blockchain tech to integrate additional information in the certificate - as well as a complete history of the product and manufacturer. The blockchain for timepieces initiative will apparently help and fight counterfeiters while guaranteeing authenticity of the watches as well as protecting the customers from purchasing fake ones.
“[Blockchain] makes it possible to create a forgery-proof digital certificate of authenticity, which follows the watch throughout its life, even if that involves several changes of owner. A unique number is thus assigned to a unique object, making the two inseparable and securing data relating to the property, value, nature and authenticity of the timepiece," the company said in an official statement.
Vacheron Constantin is however not the first big manufacturer interested in blockchain for as a technology and featured in the coming altcoin news. Earlier this year, the major global fiber producer Lenzing announced that it will implement blockchain and bring more transparency to its fiber supply chain, launching a traceabilit platform in 2020 as the company reports showed.
"Founded in 1755, Vacheron Constantin will begin using Blockchain immediately with timepieces in its Les Collectionneurs program. Now each of the vintage watches, which have been patiently tracked down by the maison’s heritage specialists and restored to perfect working order before being sold at special events at their boutiques, will be sold with a paper certificate of authenticity along with an incorruptible digital certificate," the news concluded
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Margin Trading Service Soon Available On Binance Crypto Exchange

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Margin trading service will be launched on Binance crypto exchange after the company accidentally leaked images on twitter saying that the service is under development. Let’s read more about this in the altcoin news below. The crypto exchange giant confirmed that they will be launching a margin trading service after they posted screenshots of the platform in dark and light modes asking users which one they prefer. The screenshots on Twitter had a dedicated tab named ‘’Margin’’ with a message saying that the new service carries a ‘’higher potential profit’’ but also much bigger risks. This new service is referred to using borrowed funds from one broker or an exchange to trade an asset. As mentioned in some of the best cryptocurrency news sites, Binance reportedly has already launched the service in beta mode on Friday among ‘’selected users.’’ One representative from the company also confirmed to a TechCrunch news source that the margin trading service will be available on Binance.com ‘’soon.’’ Other cryptocurrency exchanges such as Coinbase, OKCoin, Huobi, and Kraken already offer margin trading services. The margin is one of the latest services to be developed by Binance and currently it is the second largest cryptocurrency exchange by volume according to the data gathered on CoinMarketCap in the recent months. The exchange has been continuously adding new features and services as a part of the expansion plan. Most recently, Binance launched a decentralized exchange named Binance DX and even set up a fiat-to-crypto exchange in Singapore. The company revealed a new platform in Australia that allows crypto users to buy bitcoin with cash from agents. Binance has also been complaint with the regulatory conditions on the market. It even collaborated with multiple analytics and security startups including Elliptic, IdentityMind and Chainalysis. Also, the company seems to be untouched by the loss of more than $40 million in bitcoin after it was hit with a hack attack. The customers were not impacted due to the ‘’Secure Asset Fund for Users’’ according to binance. Following the security breach, the exchange made multiple security upgrades and resumed to provide services in a just couple of days.
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